Issue of Equity and Director / PDMR Shareholdings
09/04/2024 07:00
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
9 April 2024
BWA Group PLC
(“BWA” or the “Company”)
Issue of Equity and Director / PDMR Shareholdings
BWA (AQSE: BWAP), which has mineral exploration licences in
both Cameroon and Canada at various stages of development and is quoted on
London’s AQSE Growth Market, announces that it has allotted a total of
15,600,000 ordinary shares of 0.5 pence each in the Company ("Ordinary
Shares"), at a price of 0.5 pence per share, in part settlement of fees (in
respect of the six months ended 31 March 2024), to certain directors, and in
settlement of an amount owing to a director in settlement of loan notes
advanced in 2023 (the “New Shares”). A total of £78,000 of liabilities
have been capitalised through the issue of the New Shares.
Application will be made for the New Shares to be admitted to trading on the
AQSE Growth Market and admission is expected to become effective on 15 April
2024 (“Admission”).
Following this issue, the interests of the directors receiving New Shares in
the enlarged issued share capital of the Company are as follows:
Shareholder Number of New Shares Total Ordinary Shares Held % of Ordinary Shares Held
James Butterfield 2,100,000 60,969,768 7.63
Jonathan Wearing 1 13,500,000 141,290,000 17.68
1. Mr Wearing’s holding includes Tricastle Investments Limited, a company he
controls.
Total Voting Rights
Following Admission, the Company will have 799,173,147 Ordinary Shares in
issue, each share carrying the right to one vote. The Company does not hold
any Ordinary Shares in Treasury. Following Admission, the figure of
799,173,147 Ordinary Shares may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
share capital of the Company under the Financial Conduct Authority's
Disclosure and Transparency Rules.
The Directors of BWA are responsible for the contents of this
announcement.
-Ends -
For further information:
BWA Group PLC +44 7770 225253
James Butterfield enquiries@bwagroupplc.com
Chairman
Allenby Capital Limited +44 20 3328 5656
Corporate Adviser
Nick Harriss/Lauren Wright
Market Abuse Regulation (MAR) Disclosure
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.
Details of the persons discharging managerial responsibilities / persons
closely associated
Name James Butterfield
Reason for notification Director of BWA Group Plc
Initial
Details of the issuer, emission allowance market participant, auction BWA Group Plc
platform, auctioneer, or auction monitor
LEI 213800XG3K7PTAAG8630
Description of the financial instrument, type of instrument Ordinary shares of 0.5p each
Identification code ISIN: GB0033877555
Nature of the transaction Allotment of Ordinary Shares in part settlement of remuneration
Price(s) and 2,100,000
volume(s) Ordinary Shares at 0.5p per share
Aggregated information N/A
Aggregated volume
Price
Date of the transaction 8 Apr 2024
Place of the transaction N/A
Name Jonathan Wearing
Reason for notification Director of BWA Group Plc
Initial
Details of the issuer, emission allowance market participant, auction BWA Group Plc
platform, auctioneer, or auction monitor
LEI 213800XG3K7PTAAG8630
Description of the financial instrument, type of instrument Ordinary shares of 0.5p each
Identification code ISIN: GB0033877555
Nature of the transaction Allotment of Ordinary Shares in part settlement of remuneration
Price(s) and 2,500,000
volume(s) Ordinary Shares at 0.5p per share
Aggregated information N/A
Aggregated volume
Price
Date of the transaction 8 Apr 2024
Place of the transaction N/A
Name Jonathan Wearing
Reason for notification Director of BWA Group Plc
Initial
Details of the issuer, emission allowance market participant, auction BWA Group Plc
platform, auctioneer, or auction monitor
LEI 213800XG3K7PTAAG8630
Description of the financial instrument, type of instrument Ordinary shares of 0.5p each
Identification code ISIN: GB0033877555
Nature of the transaction Allotment of Ordinary Shares in settlement of outstanding loan notes
Price(s) and 11,000,000
volume(s) Ordinary Shares at 0.5p per share
Aggregated information N/A
Aggregated volume
Price
Date of the transaction 8 Apr 2024
Place of the transaction N/A
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